Magnificent 7’ Lead Tech Sector with Soaring Q2 Earnings
The world’s seven largest technology companies – Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia and Tesla – collectively reported a net profit...
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Elon Musk’s artificial intelligence firm, xAI, has acquired X—his social media company formerly known as Twitter—in an all-stock deal valued at $33 billion.
Musk said X, which has more than 600 million users, is closely tied to the future of xAI, the startup he launched two years ago. The deal consolidates two of Musk’s key ventures, alongside Tesla and SpaceX, and could streamline efforts to train his AI model, Grok.
He said the acquisition would enable the creation of a platform that not only reflects the world but also accelerates human progress.
Including $12 billion in debt, the deal is valued at $45 billion. Musk announced the transaction in a post on X, stating that the combined entity would carry a valuation of $80 billion.
Details remain unclear—such as whether investors approved the deal or how they will be compensated. It’s also uncertain how the acquisition will directly advance Musk’s AI goals, though closer integration with X may allow xAI to more rapidly deploy its latest AI models and features to a vast user base.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
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